XML 44 R35.htm IDEA: XBRL DOCUMENT
v3.22.1

FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2022
FAIR VALUE OF FINANCIAL INSTRUMENTS |
Fair value, assets and liabilities measured on recurring basis | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Fair Value Measurements
​ | ​ | ​ | ​ | ​ | at March 31, 2022 Using
​ | ​ | ​ | ​ | ​ | Level 1 | ​ | Level 2 | ​ | Level 3
(In thousands) |  | Total |  | Inputs |  | Inputs |  | Inputs
Financial Assets: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Securities available-for-sale: | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Treasury securities | ​ | $ | 234,531 | ​ | $ | — | ​ | $ | 234,531 | ​ | $ | —
Corporate securities | ​ |  | 147,425 | ​ |  | — | ​ |  | 147,425 | ​ |  | —
Pass-through MBS issued by GSEs | ​ |  | 418,116 | ​ |  | — | ​ |  | 418,116 | ​ |  | —
Agency CMOs | ​ |  | 440,183 | ​ |  | — | ​ |  | 440,183 | ​ |  | —
State and municipal obligations | ​ | ​ | 36,781 | ​ | ​ | — | ​ | ​ | 36,781 | ​ | ​ | —
Derivative – cash flow hedges | ​ |  | 11,240 | ​ |  | — | ​ |  | 11,240 | ​ |  | —
Derivative – freestanding derivatives, net | ​ |  | 60,586 | ​ |  | — | ​ |  | 60,586 | ​ |  | —
Financial Liabilities: | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Derivative – freestanding derivatives, net | ​ |  | 60,586 | ​ |  | — | ​ |  | 60,586 | ​ |  | —
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Fair Value Measurements
​ | ​ | ​ | ​ | ​ | at December 31, 2021 Using
​ | ​ | ​ | ​ | ​ | Level 1 | ​ | Level 2 | ​ | Level 3
(In thousands) |  | Total |  | Inputs |  | Inputs |  | Inputs
Financial Assets: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Securities available-for-sale: | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Agency notes | ​ | $ | 80,254 | ​ | $ | — | ​ | $ | 80,254 | ​ | $ | —
Treasury securities | ​ | ​ | 244,769 | ​ | ​ | — | ​ | ​ | 244,769 | ​ | ​ | —
Corporate securities | ​ |  | 152,030 | ​ |  | — | ​ |  | 152,030 | ​ |  | —
Pass-through MBS issued by GSEs | ​ |  | 526,454 | ​ |  | — | ​ |  | 526,454 | ​ |  | —
Agency CMOs | ​ |  | 521,258 | ​ |  | — | ​ |  | 521,258 | ​ |  | —
State and municipal obligations | ​ | ​ | 38,946 | ​ | ​ | — | ​ | ​ | 38,946 | ​ | ​ | —
Derivative – cash flow hedges | ​ |  | 4,358 | ​ |  | — | ​ |  | 4,358 | ​ |  | —
Derivative – freestanding derivatives, net | ​ |  | 40,728 | ​ |  | — | ​ |  | 40,728 | ​ |  | —
Financial Liabilities: | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Derivative – freestanding derivatives, net | ​ |  | 40,728 | ​ |  | — | ​ |  | 40,728 | ​ |  | —
Schedule of assets measured at fair value on a non-recurring basis | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | March 31, 2022
​ | ​ | ​ | ​ | ​ | Fair Value Measurements Using:
​ | ​ |  | ​ | Quoted Prices | ​ | ​ | ​ |
​ | ​ | ​ | ​ | In Active | ​ | Significant | ​ |
​ | ​ | ​ | ​ | Markets for | ​ | Other | ​ | Significant
​ | ​ | ​ | ​ | Identical | ​ | Observable | ​ | Unobservable
​ | ​ | Carrying | ​ | Assets | ​ | Inputs | ​ | Inputs
(In thousands) |  | Value |  | (Level 1) |  | (Level 2) |  | (Level 3)
Individually evaluated loans | ​ | $ | 1,179 | ​ | $ | — | $ | — |  | $ | 1,179
​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, 2021
​ | ​ | ​ | ​ | ​ | Fair Value Measurements Using:
​ | ​ |  | ​ | ​ | Quoted Prices | ​ | ​ | ​ |
​ | ​ | ​ | ​ | ​ | In Active | ​ | Significant | ​ | ​
​ | ​ | ​ | ​ | ​ | Markets for | ​ | Other | ​ | Significant
​ | ​ | ​ | ​ | ​ | Identical | ​ | Observable | ​ | Unobservable
​ | ​ | Carrying | ​ | ​ | Assets | ​ | Inputs | ​ | Inputs
(In thousands) |  | Value |  | ​ | (Level 1) |  | (Level 2) |  | (Level 3)
Individually evaluated loans | ​ | $ | 1,900 |  | $ | — | $ | — |  | $ | 1,900
Fair value measurements, nonrecurring | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Fair Value Measurements
​ | ​ | ​ | ​ | ​ | at March 31, 2022 Using
​ | ​ | Carrying | ​ | Level 1 | ​ | Level 2 | ​ | Level 3 | ​ | ​ | ​
(In thousands) |  | Amount |  | Inputs |  | Inputs |  | Inputs |  | Total
Financial Assets: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Cash and due from banks | ​ | $ | 432,994 | ​ | $ | 432,994 | ​ | $ | — | ​ | $ | — | ​ | $ | 432,994
Securities held-to-maturity | ​ | ​ | 383,922 | ​ |  | — | ​ |  | 358,689 | ​ |  | — | ​ |  | 358,689
Loans held for investment, net | ​ |  | 9,169,055 | ​ |  | — | ​ |  | — | ​ |  | 9,095,834 | ​ |  | 9,095,834
Accrued interest receivable | ​ |  | 38,456 | ​ |  | — | ​ |  | 4,483 | ​ |  | 33,973 | ​ |  | 38,456
Financial Liabilities: | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Savings, money market and checking accounts | ​ |  | 9,648,328 | ​ |  | 9,648,328 | ​ |  | — | ​ |  | — | ​ |  | 9,648,328
Certificates of Deposits ("CDs") | ​ |  | 781,775 | ​ |  | — | ​ |  | 782,385 | ​ |  | — | ​ |  | 782,385
FHLBNY advances | ​ |  | 50,000 | ​ |  | — | ​ |  | 50,039 | ​ |  | — | ​ |  | 50,039
Subordinated debt, net | ​ |  | 197,050 | ​ |  | — | ​ |  | 198,650 | ​ |  | — | ​ |  | 198,650
Other short-term borrowings | ​ |  | 2,853 | ​ |  | 2,853 | ​ |  | — | ​ |  | — | ​ |  | 2,853
Accrued interest payable | ​ |  | 1,611 | ​ |  | — | ​ |  | 1,611 | ​ |  | — | ​ |  | 1,611
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Fair Value Measurements
​ | ​ | ​ | ​ | ​ | at December 31, 2021 Using
​ | ​ | Carrying | ​ | Level 1 | ​ | Level 2 | ​ | Level 3 | ​ | ​ | ​
(In thousands) |  | Amount |  | Inputs |  | Inputs |  | Inputs |  | Total
Financial Assets: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Cash and due from banks | ​ | $ | 393,722 | ​ | $ | 393,722 | ​ | $ | — | ​ | $ | — | ​ | $ | 393,722
Securities held-to-maturity | ​ | ​ | 179,309 | ​ |  | — | ​ |  | 177,354 | ​ |  | — | ​ |  | 177,354
Loans held for investment, net | ​ |  | 9,158,908 | ​ |  | — | ​ |  | — | ​ |  | 9,169,872 | ​ |  | 9,169,872
Accrued interest receivable | ​ |  | 40,149 | ​ |  | — | ​ |  | 4,481 | ​ |  | 35,668 | ​ |  | 40,149
Financial Liabilities: | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Savings, money market and checking accounts | ​ |  | 9,605,731 | ​ |  | 9,605,731 | ​ |  | — | ​ |  | — | ​ |  | 9,605,731
CDs | ​ |  | 853,242 | ​ |  | — | ​ |  | 857,342 | ​ |  | — | ​ |  | 857,342
FHLBNY advances | ​ |  | 25,000 | ​ |  | — | ​ |  | 25,014 | ​ |  | — | ​ |  | 25,014
Subordinated debt, net | ​ |  | 197,096 | ​ |  | — | ​ |  | 202,334 | ​ |  | — | ​ |  | 202,334
Other short-term borrowings | ​ | ​ | 1,862 | ​ | ​ | 1,862 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 1,862
Accrued interest payable | ​ |  | 870 | ​ |  | — | ​ |  | 870 | ​ |  | — | ​ |  | 870

X
- Definition Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueAssetsMeasuredOnNonrecurringBasisTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=123594938&loc=d3e13467-108611 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueByBalanceSheetGroupingTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_FairValueDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 + Details
Name: | us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration